Adecco (OTCMKTS:AHEXY – Get Free Report) posted its quarterly earnings data on Wednesday. The business services provider reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02, Zacks reports. Adecco had a net margin of 1.31% and a return on equity of 12.36%. The firm had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.55 billion.
Adecco Price Performance
Shares of OTCMKTS AHEXY traded down $0.30 during midday trading on Friday, reaching $9.43. 27,736 shares of the company were exchanged, compared to its average volume of 25,321. The stock’s 50-day moving average price is $11.88 and its 200-day moving average price is $13.44. Adecco has a one year low of $9.25 and a one year high of $16.83. The stock has a market cap of $3.16 billion, a P/E ratio of 8.98, a PEG ratio of 0.77 and a beta of 0.99. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.75.
Analyst Ratings Changes
A number of research firms recently issued reports on AHEXY. Citigroup cut Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. UBS Group raised shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Adecco currently has an average rating of “Hold”.
About Adecco
Adecco Group AG is a global human resources and workforce solutions provider headquartered in Zurich, Switzerland. The company specializes in temporary staffing, permanent placement, career transition, and talent development services. Its core business activities include matching job seekers with client companies, managing contingent workforce solutions, and offering consulting services related to workforce management and organizational effectiveness.
Founded in 1996 through the merger of the Swiss companies Adia Interim and ECCO, Adecco has grown into one of the world’s largest staffing firms.
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